Reverse Auctions,trading Exchanges,and Company Buying Sites Are All Ways That

question 143

Multiple Choice

Reverse auctions,trading exchanges,and company buying sites are all ways that companies can participate in _ .

• A)secure extranets
• B)e- procurement
• C)vendor- managed inventory systems
• D)product value analysis
• E)blanket contracts

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Definitions:

Distribution Network

The interconnected group of storage facilities and transportation systems that move goods from manufacturers to consumers.

Manufacturer Storage

Facilities used by manufacturers to store raw materials, work-in-progress items, and finished goods before distribution.

In-Transit Merge

A logistics strategy that combines shipments from various suppliers while in transit to reduce costs and improve efficiency.

Drop-Shipping

A sales fulfillment approach in which a retailer does not stock the products offered for sale. Instead, the retailer orders the product from an external supplier as soon as a sale is made and has the item sent directly to the consumer.